Oddity Tech Ltd. (NASDAQ:ODD) Receives $53.00 Consensus Target Price from Analysts

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $53.00.

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. KeyCorp lifted their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group began coverage on Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective on the stock. Morgan Stanley raised their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, Bank of America upped their price target on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 27th.

Hedge Funds Weigh In On Oddity Tech

A number of hedge funds and other institutional investors have recently bought and sold shares of ODD. GSA Capital Partners LLP boosted its position in Oddity Tech by 267.9% in the 3rd quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock valued at $1,238,000 after buying an additional 22,319 shares during the period. Aurora Investment Counsel acquired a new position in Oddity Tech during the 3rd quarter worth $2,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Oddity Tech by 4.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company’s stock worth $2,387,000 after purchasing an additional 2,665 shares during the period. Verition Fund Management LLC raised its position in Oddity Tech by 7.2% in the 3rd quarter. Verition Fund Management LLC now owns 35,248 shares of the company’s stock valued at $1,423,000 after purchasing an additional 2,368 shares in the last quarter. Finally, PDT Partners LLC boosted its stake in shares of Oddity Tech by 39.2% in the 3rd quarter. PDT Partners LLC now owns 91,610 shares of the company’s stock valued at $3,699,000 after buying an additional 25,789 shares during the period. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Oddity Tech Stock Down 4.2 %

Shares of NASDAQ:ODD opened at $44.63 on Wednesday. Oddity Tech has a 52-week low of $30.34 and a 52-week high of $51.00. The stock has a market cap of $2.49 billion, a P/E ratio of 27.21, a PEG ratio of 1.48 and a beta of 4.20. The business has a fifty day moving average of $44.65 and a two-hundred day moving average of $42.55.

Oddity Tech Company Profile

Oddity Tech Ltd. operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally. It serves consumers worldwide through its AI-driven online platform, which uses data science, machine learning, and computer vision capabilities to identify consumer needs, and develop solutions in the form of beauty and wellness products.